Emotional Economics: Building an informal referral media circle for Connection, Recognition, Revenue, and Charity
Key Principle:
The concept of “Emotional Economics” is an approach to foster connections, celebrating success, generating revenue, sharing it with all stakeholders and contributing 10% of all revenue for well-being of the less privileged.
Emotional Economics is all about creation of an informal referral media circle. You can be a part of it by identify the youth who are media friendly. Global TV and associated media houses shall utilize the media circle to get connected with individuals and businesses that are successful and supportive to the society. We shall organize multiple activities that can bring people together. Emotional Economics will, step by step, donate 10% of the revenue to help those who are in need.
Step 1: Establishing the Referral Media Circle
The foundation of Emotional Economics is the creation of an informal referral media circle to bring few likeminded people just to be connected with one another. Media Circle (MC) can be formed at anywhere with a minimum number of seven people joining the informal forum. A Media Circle can include individuals, organizations, youth or professionals from varied backgrounds. People coming together to connect, collaborate, and support one another is the basic principle of MC. The circle serves as a platform for sharing ideas, appreciating achievements, creating opportunities, and sharing resources with one another. Coming together is the beginning.
Step 2: Fostering Connections and Collaboration
Fostering connections and enriching collaborations is the paramount principle of Referral Media Circle (RMC). It’s about leveraging the collective knowledge and expertise of the members to create synergies. Whatever you are passionate to do is silently supported by the circle. This can include connecting events, online forums, true verification of eligibility for receiving help and support from individuals and other agencies, platforms that facilitate collaboration, creating awareness about the possibilities creation of revenue opportunities for the people around. You can join a Media Circle simply by creating a broadcast group in Whatsapp.
Step 3: Recognizing Successful Individuals
A crucial aspect of Emotional Economics is the celebration of success. Members of the referral media circle can collaborate with welcoming institutions to recognize and honor individuals who have achieved remarkable milestones in their respective fields. This recognition can take the form of awards, features in media outlets, or presenting them in public events. Do it professionally by generating sponsorships and advertisements. Make it a revenue model with appropriate sharing terms.
Step 4: Creating Revenue Streams
To sustain the Emotional Economics and to benefit its stakeholders, it’s essential to establish revenue streams. These can originate from various sources. Organizing TV Shows, Media Conferences, or hosting sponsored events can generate revenue streams occasionally or continually. The key is to ensure that the people involved in the process are remunerated appropriately. Reinvest a portion of the revenue for the activities of the media circle. Make sure that the 10% goes for charity always.
Step 5: Revenue Sharing and Remuneration
The spirit of Emotional Economics is in generation of wealth and sharing of it with those who are eligible to get it. A portion of the revenue generated is allocated to remunerate the stakeholders who contribute to the circle’s success. This can include organizers, mentors, broadcasters, and individuals who facilitate connections and collaborations. Rest of the revenue directly goes to those who are identified and enrolled among the charity network of the referral media circle.
Step 6: Commitment to Charity
One of the most impactful facets of Emotional Economics is its commitment to charity. A fundamental principle is to allocate a significant portion of the revenue in addition to the 10% that the individuals share on their revenue streams. Basic idea of RMC is to support the well-being of the less fortunate. This commitment to charity extends beyond the circle’s boundaries, creating a positive ripple effect in the community. RMC and its members will also grow substantially in the process. Who is at first priority and what next all relative terms in this context that can be different between two RMCs! People who are service minded are seen successful at every place. Every good that you do comes back to you in multiples.
Step 7: Supporting the Less Fortunate
The allocation of 10% of the revenue to support the less privileged is a powerful act of kindness and solidarity. These funds can be directly given or collectively utilized for the beneficiaries towards various purposes. Providing food, education, shelter, or medical assistance are the basic steps. Creating facilities that can create revenue opportunities is a longtime charitable initiative. Many religious systems are doing it indirectly. Opening up of the facilities for greater purposes but rely on the people who becomes the custodian of such properties. Egoless directors will keep their doors open for the wellbeing of the society always. It’s a tangible way for the Emotional Economics system to give back to the community.
Step 8: Measuring Impact and Transparency
Transparency and accountability are essential in Emotional Economics. Regularly measuring the impact of charitable initiatives and contributions is a very good step in this regard. Sharing this information with the circle’s members fosters trust and reinforces the commitment to making a positive difference. Having openness is the biggest strength of a charitable forum. Close circle politics will ruin everything. It is the clarity that is more important than the amount of charity you do.
Step 9: Encouraging Participation
Active participation of maximum people in the process of creation and distribution of wealth is the lifeblood of Emotional Economics. Encourage all members of the referral media circle to engage actively in its activities. Encourage them, wherever possible, to take individual initiatives from connecting people, broadcasting events, and getting support from the society. Recognition form society is very important.
Step 10: Continuous Evolution
Emotional Economics is not static; it’s a dynamic system that adapts and evolves on a continuous basis. Regularly assess the effectiveness of the circle’s activities, seek feedback from members, and be open to refining and expanding the scope of the system to maximize its positive impact. Let every member to initiate innovative streams of services that can bring rich contributions towards the charity front of the RMC. Take every successful model to replicate wherever possible.
The Holistic Impact of Emotional Economics
Emotional Economics, with its emphasis on connection, recognition, revenue generation, and charity, brings about a holistic transformation in the way communities and individuals interact and thrive:
Building a Stronger Community of friendship: The referral media circle fosters a sense of belonging and unity among its members, creating a robust support system. Humanity is the greatest religion that is acceptable for all religions.
Celebrating Success: Recognizing individuals’ achievements not only motivates them but also inspires others to strive for excellence.
Sustainable Revenue: By creating diverse revenue streams, Emotional Economics ensures its sustainability and continued growth.
Charitable Giving: The commitment to allocating a portion of revenue to charity embodies the spirit of empathy and compassion, making a tangible difference in the lives of the less privileged. Making them able to do charity is the target.
Economic Resilience: Through revenue-sharing and remuneration, Emotional Economics enhances economic resilience by providing opportunities for individuals to earn while supporting the community.
Emotional Economics represents a paradigm shift that goes beyond traditional economic models. It leverages the power of connection, recognition, revenue, and charity to create a more compassionate, inclusive, and economically resilient society. By building an informal referral media circle and committing to donate 10% of its revenue to those in need, Emotional Economics pioneers a path toward a brighter, more interconnected future where success is celebrated, resources are shared, and no one is left behind.
